Fredericton is the capital of New Brunswick and home to approximately 65,000 residents. As a government, university, and knowledge-economy city, Fredericton offers stable employment, a high quality of life, and genuinely affordable real estate. The Saint John River runs through the city, creating beautiful parkland and waterfront opportunities. For buyers seeking a livable, cultured small city without Ontario or BC prices, Fredericton is one of the best-kept secrets in Canada.
Like all of New Brunswick, Fredericton buyers pay NO provincial property transfer tax when purchasing real estate. This is a significant saving compared to Nova Scotia's 1.5% deed transfer tax or Ontario's land transfer tax. It reduces closing costs substantially and makes homeownership more accessible for first-time buyers.
Fredericton's average home price sits around $290,000–$360,000 as of 2025, making it one of the most affordable provincial capitals in Canada. The government and university employment base creates stable, recession-resistant demand. Post-pandemic, Fredericton saw increased interest from remote workers leaving Toronto and other major centres seeking affordability and lifestyle.
Downtown Fredericton is a beautiful riverfront district featuring the Fredericton Boyce Farmers Market, Gallery 78, the Beaverbrook Art Gallery, and Queen Street. Heritage homes here carry premium prices but offer walkability and character unmatched elsewhere in the city.
The area surrounding UNB and St. Thomas University attracts students, faculty, and buyers who value walkability to both campuses. Older homes here offer significant renovation potential. Rental demand is strong given the student population.
New Maryland is a neighbouring community offering large-lot suburban homes with excellent schools and a quieter pace. It is popular with families who want more space and privacy while remaining within easy reach of Fredericton's core.
Silverwood and Fulton Heights are established residential areas with a mix of bungalows and two-storey homes at moderate prices. They are central to the city with good transit and school access.
The provincial government and its agencies are the dominant employer. UNB and St. Thomas University bring academic employment and student demand. The tech sector has grown significantly — Ambulance NB, CGI Group, and numerous startups call Fredericton home. The Knowledge Park and University Avenue tech corridor have attracted IT talent from across Canada.
Fredericton consistently ranks highly for quality of life in Canadian city rankings. It has a strong cycling and walking culture, the extensive Fredericton Trail system along the riverfront, excellent arts institutions including the Playhouse and Beaverbrook Art Gallery, and a small-city intimacy that makes it deeply livable. It is an excellent choice for buyers prioritizing quality of life alongside affordability.
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